News: REA REA Group Says Expect FY24 Losses For Combined Contributions From Associates To Be...

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    Aug 11 (Reuters) - REA Group Ltd (REA) :

    • EXPECTS LOSSES FOR COMBINED CONTRIBUTIONS FROM ASSOCIATES IN FY24 TO BE MODESTLY HIGHER THAN FY23
    • RESIDENTIAL BUY YIELD GROWTH IS ANTICIPATED TO GROW DOUBLE-DIGIT IN FY24
    • SELLER CONFIDENCE CONTINUES TO BE IMPACTED BY INTEREST RATE UNCERTAINTY, AND A LACK OF SUPPLY OF PROPERTY INVENTORY TO BOTH BUY, RENT
    • CONTINUING TO SEE STRONG DEMAND AND A RETURN TO PRICE GROWTH IN AUSTRALIAN PROPERTY MARKET
    • EBITDA LOSSES IN INDIA ARE ANTICIPATED TO BE LOWER IN FY24 COMPARED TO FY23
    • FULL YEAR POSITIVE OPERATING JAWS ARE TARGETED FOR THE GROUP
    • BELIEVE STABILIZATION OF INTEREST RATES IS WITHIN SIGHT AND EXPECT THIS WILL LEAD TO AN INCREASE IN AU PROPERTY MARKET ACTIVITY
    • CONSOLIDATION OF CAMPAIGNAGENT IS ANTICIPATED TO INCREASE GROUP OPERATING COST GROWTH TO LOW TO MID-TEENS
 
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Last
$241.62
Change
2.770(1.16%)
Mkt cap ! $31.92B
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$241.44 $242.81 $239.18 $38.96M 161.2K

Buyers (Bids)

No. Vol. Price($)
1 315 $241.55
 

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Price($) Vol. No.
$242.62 15 1
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